UNITED STATES
SECURITIES AND
EXCHANGE COMMISSION
SCHEDULE 13G
Under the Securities Exchange Act of
1934
(Amendment No. 1)*
Check the appropriate box to designate the rule pursuant to which this Schedule is filed:
[ ] Rule 13d-1(b)
[X] Rule 13d-1(c)
[ ] Rule 13d-1(d)
* The remainder of this cover page shall be filled out for a reporting person's initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter the disclosures provided in a prior cover page.
The information required in the remainder of this cover page shall not be deemed to be "filed" for the purpose of Section 18 of the Securities Exchange Act of 1934 ("Act") or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes).
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB control number.
CUSIP No. |
69912Y305 |
1 | NAMES OF REPORTING PERSONS: | ||||
Timothy Daniel O'Donnell | |||||
2 | CHECK THE APPROPRIATE
BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS): | ||||
(a) [ ] | |||||
(b) [ ] | |||||
3 | SEC USE ONLY: | ||||
4 | CITIZENSHIP OR PLACE OF ORGANIZATION: | ||||
Timothy Daniel O'Donnell | |||||
NUMBER
OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH: |
5 | SOLE VOTING POWER: | |||
Timothy Daniel O'Donnell - 25,860 | |||||
6 | SHARED VOTING POWER: | ||||
Timothy Daniel O'Donnell - 6,347* *Shares owned by Mr. O'Donnell's spouse, as to which he disclaims beneficial ownership. | |||||
7 | SOLE DISPOSITIVE POWER: | ||||
Timothy Daniel O'Donnell - 25,860 | |||||
8 | SHARED DISPOSITIVE POWER: | ||||
Timothy Daniel O'Donnell - 6,347* *Shares owned by Mr. O'Donnell's spouse, as to which he disclaims beneficial ownership. | |||||
9 | AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON: | ||||
Timothy Daniel O'Donnell - 32,207*
*Includes 6,347 Shares owned by Mr. O'Donnell's spouse, as to which he disclaims beneficial ownership. | |||||
10 | CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS): | ||||
[ ] | |||||
11 | PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9): | ||||
Timothy Daniel O'Donnell - 8.0%* *Mr. O'Donnell is the beneficial owner of 6.4% of the Shares of the Issuer and is also deemed a beneficial owner of the 1.6% of the Shares of the Issuer beneficially owned by Mr. O'Donnell's spouse. Based on a total of 405,096 Common Shares of the Issuer outstanding as of November 6, 2015, as reported in the Issuer's Quarterly Report on Form 10-Q for the period ended September 30, 2015, filed with the Securities and Exchange Commission on November 6, 2015. | |||||
12 | TYPE OF REPORTING PERSON (SEE INSTRUCTIONS): | ||||
Timothy Daniel O'Donnell - IN |
Item 1(a)
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Name of Issuer. | |
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Paragon Real Estate Equity and Investment Trust | |
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Item 1(b)
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Address of Issuer's Principal Executive Offices. | |
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10011 Valley Forge Drive Houston, Texas 77042 |
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Item 2(a)
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Name of Person Filing. | |
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Timothy Daniel O'Donnell | |
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Item 2(b)
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Address of Principal Business Office or, if none, Residence. | |
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160 Henry Street Brooklyn, New York 11201 |
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Item 2(c)
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Citizenship. | |
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Timothy Daniel O'Donnell is a U.S. Citizen. | |
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Item 2(d)
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Title of Class of Securities. | |
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Common Shares, $0.01 par value | |
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Item 2(e)
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CUSIP Number. | |
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69912Y305 |
Item 3 | This statement is not filed pursuant to Rules 13d-1(b), 13d-2(b) or 13d-2(c). | |||
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Item 4 | Ownership. | |||
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(a) | Amount
beneficially owned:
Timothy Daniel O'Donnell - 32,207*
*Includes 6,347 Shares owned by Mr. O'Donnell's spouse, as to which he disclaims beneficial ownership. | ||
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(b) | Percent of Class: Tiimothy Daniel O'Donnell - 8.0%* *Mr. O'Donnell is the beneficial owner of 6.4% of the Shares of the Issuer and is also deemed a beneficial owner of the 1.6% of the Shares of the Issuer beneficially owned by Mr. O'Donnell's spouse. Based on a total of 405,096 Common Shares of the Issuer outstanding as of November 6, 2015, as reported in the Issuer's Quarterly Report on Form 10-Q for the period ended September 30, 2015, filed with the Securities and Exchange Commission on November 6, 2015. | ||
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(c) | Number of Shares as to which the person
has:
(i) Sole power to vote or to direct the vote: Timothy Daniel O'Donnell - 25,860 Timothy Daniel O'Donnell - 6,347* *Shares owned by Mr. O'Donnell's spouse, as to which he disclaims beneficial ownership. (iii) Sole power to dispose or to direct the disposition of:Timothy Daniel O'Donnell - 25,860 (iv) Shared power to dispose or to direct the disposition of: Timothy Daniel O'Donnell - 6,347* *Shares owned by Mr. O'Donnell's spouse, as to which he disclaims beneficial ownership. | ||
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Item 5 | Ownership of Five Percent or Less of a Class. | |||
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Not applicable. | ||||
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Item 6 | Ownership of More Than Five Percent on Behalf of Another Person. | |||
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Not applicable. | ||||
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Item 7 | Identification and Classification of the Subsidiary Which Acquired the Security Being Reported On By the Parent Holding Company or Control Person. | |||
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Not applicable. | ||||
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Item 8 | Identification and Classification of Members of the Group. | |||
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Not applicable. | ||||
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Item 9 | Notice of Dissolution of Group. | |||
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Not applicable. | ||||
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Item 10 | Certification. | |||
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By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect. |
TIMOTHY DANIEL O'DONNELL | ||||||
Date: February 2, 2016 | ||||||
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By: | /s/ Beth N. Lowson | |||||
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Name: Beth N. Lowson | ||||||
Title: Attorney-In-Fact | ||||||
The Nelson Law Firm, LLC | ||||||
White Plains Plaza | ||||||
One North Broadway, Suite 712 | ||||||
White Plains, NY 10601 | ||||||
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By: | /s/ Timothy Daniel O'Donnell |
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Timothy Daniel O'Donnell | ||